BUSINESS Key interest rate boosted to 4.75 percent...

March 29, 2006

BUSINESSKey interest rate boosted to 4.75 percent The Federal Reserve on Tuesday boosted a key interest rate to the highest level in five years. The action, the 15th consecutive quarter-point move, left the federal funds rate at 4.75 percent, its highest level since April 2001. C8LOCALBuchanan Fest falls off the wagon Just when talk of a beer tent seemed all but forgotten, the longstanding source of controversy in Buchanan has fallen off the wagon. In a presentation Monday night before the city commission, Buchanan Chamber of Commerce president Alice Kring brought forth several new ideas for this year's Buchanan Fest to generate higher turnout, including a beer tent. Kring said she's received many inquiries from the public who support having a beer tent for the festival held traditionally the weekend before Labor Day. B1Cassopolis school board fills vacancy Unlike two weeks ago, Cassopolis Public Schools trustees had their pick of applicants to fill a vacancy on the board. In the end, the Rev. David Weiss was appointed to the board on Monday. He replaces William Bosler who relocated outside the district. Weiss is pastor at St. Paul Lutheran Church in Cassopolis and has lived in the district for nine years. He has three children, two of whom are still students in Cassopolis. He was one of five applicants for the position who filed after the deadline was extended earlier this month because no one applied. B1Michigan's Own war museum growing Old soldiers don't die at Michigan's Own Military and Space Museum, but their displays rotate. The museum features 131 exhibits ranging from the Spanish-American War to the war on terrorism. Many are on permanent display. The World War II room rotates 12 collections quarterly, said Director Stanley J. Bozich. With 25 Medals of Honor, the room has the largest grouping of the decorations on display in the United States, he said. B8